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  • Attracted to art investment? Read this
  • Post author
    Paul Fraser
  • artAttractedinvestment?to

Attracted to art investment? Read this

The top end of the art market is alive and well:

  • Yesterday Sotheby's broke its single auction record with its Contemporary art sale in New York, where a Mark Rothko sold for $75.1m.
  • The Mei Moses World Post War And Contemporary Index was up 2.7% in value during the first six months of the year.
Mark Rothko Sotheby's
Mark Rothko’s No.1 sells for $75.1m at Sotheby’s yesterday

The contemporary scene is reflective of the high end of the art market as a whole, where growing numbers of investors are entering the sector.

Barclays' 2012 Wealth Insights report found that 49% of the HNWIs it surveyed own artwork, up from 41% five years ago.

And Deloitte's recent The Rise of Collectible Assets study revealed that art is second only to luxury purchases such as cars when it comes to HNWI spending on collectibles.

And just why are increasing numbers of investors turning to collectibles such as art?

It's down to "equity returns being eroded by volatility and bond yields at record lows," states Deloitte.

The potential of strong returns in an asset class with a low correlation to the stock market is hugely attractive to HNWIs seeking diversity.

Seek expert advice

Yet you and I both know that the art world can be fickle, and pot holes in the road are several.

That's why it's imperative to gain expert opinion before embarking on an investment.

And I would like to think that we would be on your list of "those in the know".

Our team of experts will provide you with thorough, unbiased opinion.

And our network of contacts throughout the collectibles world enables us to source the finest pieces on demand.

Give us a call today on +44 (0)117 933 9500 or info@paulfrasercollectibles.com.

Until next week

Paul

Paul Fraser

  • Post author
    Paul Fraser
  • artAttractedinvestment?to